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Choosing a crypto exchange in India? Read this firstWith fees, security and ease of use all up for scrutiny, WazirX makes a strong case for being the everyday trader’s go-to platform in India...- Born out of microfinance, Bandhan Bank now bets big on AI and digital bankingAs Bandhan Bank accelerates its transition from a microfinance-led institution into a universal bank, Executive Director & COO Ratan Kumar ...
- International stock investment gets safer with Vested Finance as IFSCA grants it GAP license; Know what it means for Indian investorsVested Finance has transitioned to the IFSCA GAP framework, enabling Indian investors to access US stocks through GIFT City. This move intr...
- India is right to act on offshore crypto platforms but it must also build a fairer marketA Financial Action Task Force report backs India’s concerns that the real risk in crypto lies in offshore, non-compliant virtual asset serv...
- Redo KYC before June 30: FIU tells crypto exchangesThe Financial Intelligence Unit-India (FIU-IND) has mandated cryptocurrency exchanges to strengthen their KYC processes by June 30, adherin...
- RBI penalties up 88% in 3 yrs; KYC, AML top listThe number of penalties imposed by the Reserve Bank of India on financial institutions grew 88% in the past three years with Know Your Cust...
- RBI imposes fine of Rs 3 crore each on Deutsche Bank, J&K BankThe RBI also slapped a fine of Rs 3 crore on state-owned Jammu and Kashmir Bank Ltd for violating similar norms.
- RBI slaps penalty on UCO Bank, Allahabad Bank, Bank of IndiaUCO Bank in a BSE filing said that RBI has "imposed a penalty" of Rs 2 crore on the Bank on account of "few lapses in adherence to KYC/AML ...
- RBI imposes Rs 1 crore penalty on Dhanlaxmi BankThe penalty was levied for violation of RBI guidelines on Know Your Customer and Anti Money Laundering standards.
- RBI fines 2 Madhya Pradesh cooperatives under anti-money laundering, KYC rulesShow-cause notices have been issued to both the lenders and the decision to fine them after going through their respective replies, it said...
- RBI penalises 3 banks for violation of KYC/ALM normsThe central bank scrutinised the fixed deposits opened by certain public sector banks in Mumbai based branches in July 2014.
- RBI penalises 6 PSBs for violating KYC, anti-money laundering normsThe Reserve Bank of India on Friday penalised six banks for violation of know-your-customer (KYC) and anti- money laundering (AML) norms.
- RBI cracks the whip over KYC lapses, to seek explanation from banks“We had launched an investigation and the deficiencies have been conveyed to the chief executive officers of those banks, said RBI governor...
- Seven take-aways for common-man from RBI's monetary statementObserving opaqueness in loan procedures, discrepancy in charges, RBI has proposed steps to make banking system more transparent.
- Centralised KYC registry can happen after UCIC issuance: RBISetting up of a centralised KYC (know your customer) registry for the entire financial sector will be possible only after implementation of...
- Anti-money laundering norms: RBI scrutinising systems of HSBC and Standard Chartered bankThe Government said the Reserve Bank is scrutinising the "systems" of HSBC Bank and Standard Chartered Bank related with anti-money launder...
- RBI fines 48 banks for violation of KYC, AML norms in six monthsIn the first six months of 2011, the apex bank has slapped penalties on 48 erring banks, mostly co-operative, as compared to just 15 such a...
- Follow KYC norms to check terror funding; RBI to coop banksMany a times the address and contact details of such mules are found to be fake or not up-to-date, making it difficult for enforcement agen...
- More improvement required in FIs' AML systems: SurveyAlthough financial institutions in India have covered a large ground in anti-money laundering compliance, still significant investments and...
- Play by the rule bookKnow your customer norms in the insurance sector are meant to check money laundering, but they are not perceived to be customer-friendly. I...
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